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Increased export orders lift China PMI

Chinese manufacturing growth sped up last month, powered by a rise in export orders as global economic conditions improved, according to a survey.

China’s official purchasing managers’ index rose to 51.0 in February from 50.5 in January, marking a five-month high.

PMI index numbers higher than 50 indicate an expansion in activity, while numbers lower than that level indicate a contraction.

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